On August 5, Fastly, Inc. rose 8.01% in regular trading, trading at $24.875/share, with turnover of $104 million.

On the news front, the company is scheduled to report Q2 earnings after market close on the same day. Market consensus expects revenue of approximately $174 million, representing 20.08% year-over-year growth; adjusted EPS of $0.07, up roughly 234% year-over-year; and EBIT growth exceeding 330%. Multiple analyst upgrades have further boosted sentiment, with Raymond James upgrading the stock to Outperform with a $23 price target, and Evercore ISI initiating coverage with an Outperform rating and a $32 target price.

Sector-wide momentum also supported the move, with peers Cloudflare rising 7.11% and CoreWeave gaining 8.68%. The broader Internet Services and Infrastructure sector exhibited strong positive sentiment heading into earnings season. Notably, Fastly delivered a significant Q4 earnings beat earlier this year, swinging to adjusted profit of $0.12 per share versus expectations of $0.06, and issued full-year guidance well above consensus at the time.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)